3941.30
Deposit of securities to transact business outside state.

A domestic mutual fire insurance company, for the protection of
all its policies, may deposit with the superintendent of insurance, securities
of the kind described in this section, in such sum as is necessary to enable
such company to transact business in any other state under the laws of said
state.

Said securities shall consist of United States bonds, bonds of
this state, or bonds of county or city of this state, issued in conformity with
law, not estimated above their par value, which, before being deposited, shall
be registered by the company in favor of "the superintendent of insurance of
the state of Ohio in trust for the benefit and security of all the
policyholders of said company."

The superintendent shall execute his receipt therefor to the
depositing company, safely keep such securities as provided by law until they
are withdrawn by the depositing company as provided in section
3941.34 of the Revised Code, and
shall keep in his office a record in which shall be entered the name of the
company so owning and depositing such securities, the name of the debtor, the
par value and serial number of each such security, the date of its maturity,
and the date of maturity and amount of each installment of interest to become
due.